July 15th, 2008
12:00 PM ET
10 years ago

Bush: 'It's been a difficult time'

Bush discussed the country's economic woes Tuesday.

Bush discussed the country's economic woes Tuesday.

NEW YORK (CNNMoney.com) - Under the backdrop of a deteriorating economic picture, President Bush said Tuesday he is taking action to help people with falling home values and high gas prices.

Watch: Bush says system 'basically sound'

Bush highlighted plans to stabilize the mortgage lenders Fannie Mae and Freddie Mac and lift the ban on offshore oil drilling as two steps his administration is taking to address some of the nation's economic ills.

Watch: Bush: A 'tough time'

'It's been a difficult time for American families," Bush said at a press conference. "We must ensure we can continue providing credit during this time of stress."

Full story

Filed under: Popular Posts • President Bush
soundoff (266 Responses)
  1. Cyrus - NY

    Yes Mr. President...it's been a tough time, because you stopped being our president and the leader of the free world from Day 1. Luckily, your reign is almost over and we look forward to pursuing life, liberty and happiness again.

    July 15, 2008 12:39 pm at 12:39 pm |
  2. DflateMacsStr8TalkXpress: Econ MIA, AWOL on facts, POW from reality

    Geez, George, if you respond any faster you might even beat out Grampy McSame to the staged sympathy press conference. By the way, just so you know, that gasoline stuff you referred to a while back is now over $4 a gallon and in some areas is approaching $5. And groceries are more expensive. Not to mention the banking and mortgage industries being near collapse. Hey, we're losing a few hundred thousand jobs, too. But you know we jus' hav'ta keep spendin' all 'dat 'dere money in I-Raq to keep us safe from the terrorists because that's the only place they (Al Qaeda) are, right?

    July 15, 2008 12:40 pm at 12:40 pm |
  3. Rave

    Monkey brand

    July 15, 2008 12:40 pm at 12:40 pm |
  4. Obama Supporter from FL

    AARGH!! I know Bush went to Harvard and is supposed to be less dumb than he looks, but I still cringe whenever I hear him talk.

    July 15, 2008 12:40 pm at 12:40 pm |
  5. Gary

    This President and all of his henchmen are idiots. I'm glad he's finally taken his head out of the sand and said,"Gee, its just as dark out here!!!' Whenever GWB or Hank Paulson speak, make sure you put your hard hats on because something is about ready to fall out of the sky.

    July 15, 2008 12:40 pm at 12:40 pm |
  6. alone in VT

    people have short memories.

    when home prices were going up people were not thinking Bush was crashing the economy.

    it MUST be an election year.

    and just what will be the price at the pump after 4 years of Obama

    it WILL STILL be over $3

    you heard it hear first

    July 15, 2008 12:41 pm at 12:41 pm |
  7. Rob

    All the Problems that occured during the Bush time are terrible. But what is more terrible is that people are all blaming him. First of all, I blame the people for voting him in again. what a joke this was. second, if you have doubts than do something against it. This is a democracy, how much did the people themself do besides just complaining (and we know the people are great at this). Stand up and make your voice, write your senators/governors, etc etc. But i guess noone did do anything, it is so much more comfortable just to complain. I grew up in Germany, it is totally different there (as the people show interest in the country).
    Also, about Iraq. wasnt it the people of the US who were on the news all the time demanding and supporting the war in Iraq??? those people are not better at all. Look at you first before you point your finger.

    Stop crying people, you made it happen. 🙂

    aggrevated Rob from NC

    July 15, 2008 12:42 pm at 12:42 pm |
  8. hold up...


    THAT'S his answer to our problems? A VISA card?


    July 15, 2008 12:43 pm at 12:43 pm |
  9. DJ in TX

    Does anyone trust this guy? I respect that he's the President, but after his administration seems to have bungled almost everything, it's hard to put any trust in him or the administration.

    July 15, 2008 12:44 pm at 12:44 pm |
  10. Bullsht

    Everything this guy run it goes into the Gutter. His Oil Company who by the way borrowed money from Saddam. The Texas Rangers improve after he sold them. Texas if he would have stayed long enough & now The United States of America. He and McCan't are joined at the hip. OUT OF TOUCH

    July 15, 2008 12:45 pm at 12:45 pm |
  11. Jim Got, Ohio

    Maybe he should bring out First Lady Laura and Barney to help him because we aren't buying his story!

    July 15, 2008 12:45 pm at 12:45 pm |
  12. Not fooled by distractions

    What an absolute moron.

    Hey, bush supporters, still wanna have a beer with this guy?

    July 15, 2008 12:45 pm at 12:45 pm |
  13. Billy

    Bush can pardon everyone but himself–and he will.

    I hope he is charged with treason because he has betrayed this country so profoundly that Americans will read about him and wonder how we allowed this presidential legacy to happen.

    July 15, 2008 12:47 pm at 12:47 pm |
  14. tai

    Yes its been difficult times, and we have you to thank for that, thanx for ruining not only our economy but the world economy also, you will undoubtly be remembered as THE WORST president in recent history, the american ppl will remember you with nothin but hate and someone who borught vast amount of pain to the common people. We hope you have the self respect to leave every1 alone after you leave office and never show your face again you filthy waiste of human life.

    July 15, 2008 12:47 pm at 12:47 pm |
  15. Tony, Powell, OH

    I have to ask you bloggers (especially those of you who are the most vicious, immature, venomous, etc.)...do you get some pleasure in blogging the way you do? You are such hateful people. I'm not crazy about Bush but I think he's tried to do the best he could, and there are plenty of reasons why things are the way they are...in your simplistic minds it's easy to pin it all on Bush but that's just not the case, no matter how hard you stamp your feet.

    I think Gramm is correct; we have an inordinate amount of whiners in this country who have to get "their" way or else. You don't think, just react, which makes Obama the perfect candidate for you...since you don't have to think about how feasible things are, just react and hope that things will get better. I like some of what he says as well, but tell me how much difference there is between him and someone who simply says exactly what you want to hear!! The difference, for those of you who clearly don't get it, is in the details, and feasibility, etc. ANYBODY with good oratory/platform skills can talk a great game. Don't get me wrong: I like Obama's message as well, but just because you hear more realistic views from others, don't villify them. Blind belief based solely on a message is the WORST form of following.

    July 15, 2008 12:47 pm at 12:47 pm |
  16. Danielson

    If we allow drilling offshore, then we should NATIONALIZE the revenues...give someone 10 billion to build a 5 billion dollar rig, say thank you, and then TAKE IT OVER on behalf of the United States and ALL of her people, rather than any one company.

    How "excited" would you be, GW, if the revenue and oil became OUR property...and not your oil buddies?

    Of course, we could always just find new ways of doing things...but NOT under a Republican administration....

    July 15, 2008 12:47 pm at 12:47 pm |
  17. Josh Maloney, Oakland, CA

    I'm tired of hearing this guy talk about "difficult times." Could someone please put him on trial?

    July 15, 2008 12:48 pm at 12:48 pm |
  18. Carmen Colorado

    Bush has no idea what is going on. We have had proof of this time and time again, how much is gas? He has no answers, but of course he and his oil buddies don't have to worry they made alot of money on the lives that were give in Iraq. What a poor excuse for a president.

    July 15, 2008 12:49 pm at 12:49 pm |
  19. Tyrone

    It's all part of the grand plan to insure the survival of big business. Why be dependent on foreign oil when we can be dependent on ExxonMobil.

    July 15, 2008 12:50 pm at 12:50 pm |
  20. Jan

    All these libs against Bush–makes me realize how straightforward and down to earth he is–no teleprompters in sight–even takes questions on site–maybe their candidate, Obama, should take some lessons and agree to some hard questions. I am tired of those canned, paint-drying speeches. Let's have some debates.

    July 15, 2008 12:50 pm at 12:50 pm |
  21. Tanya

    And to all of you Nader supporters, thanks again and again!

    July 15, 2008 12:52 pm at 12:52 pm |
  22. kim hussein taylor portland, oregon

    Bush highlighted plans to stabilize the mortgage lenders Fannie Mae and Freddie Mac --aka, BAILING OUT MY BUDDIES YET AGAIN!!!

    and lift the ban on offshore oil drilling -– STUPID, INEFFECTIVE, LYING, GREED...

    as two steps his administration is taking to address some of the nation's economic ills... OH PLEASE, WE KNOW YOU DONT CARE ABOUT US, SO JUST QUIT PRETENDING YOU DO! YOUR ACTIONS SPEAK LOUDER THAN YOUR MANGLED WORDS!!!

    lying and cheating to the end...typical neo CON

    July 15, 2008 12:53 pm at 12:53 pm |
  23. Marie

    And how would Obama know what is going on in Iraq or Afghanistan?

    July 15, 2008 12:56 pm at 12:56 pm |
  24. JJ

    Rob I completely 100% agree with you on your comments. We, the American people made this happen. It wasn't all Bush. I remember when Bush was re-elected, and I believe it was Germany (or maybe France) commented that Americans were crazy to vote him back into office after the 1st four years. To be honest, he wasn't completely at fault for the mortgage industry. The people who are to blame for this mess are the CEO who are currently making millions off the demise of it's customers. These corporations are just flooded with what I call "dirty polticians" and yet there is no justice being done to them but finding a way to bail these companies out.

    Prime example, just today GM stated they were laying off thousands of people. Ask the CEO how much he will be getting paid this year and ask him how much his bonus would be! His salary has been increased by 67%! 67% and the company is in dire straits???? Gimme a break with that nonsense!

    I am so sick of people blaming one person (and Bush blaming Congress for that matter). Look around people.....We're to blame!

    July 15, 2008 12:56 pm at 12:56 pm |
  25. Perla

    Please oh please oh please IMPEACH this weasel and his Veep, while there is still time.

    July 15, 2008 12:56 pm at 12:56 pm |
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